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with an exclusive look at their latest cfo survey. how are cfos planning what washington can decide? liz: state across the country must decide today who will be setting of the mandatory health insurance exchange required by the health care act. the decision could have a big impact on your coverage and the prices you will pay and maybe insurance stocks. we will break down the numbers for you straight ahead. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. th's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily.. or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung fu
in the country. his work is not done yet. people worried about washington keeping their spending type. time for stocks now. nicole petallides is at the new york stock exchange. nicole: the dow is down about ten points. the s&p pulling back one quarter of 1%. a lot of the retailers loved like the biggest losers. 500 stocks are comprised and represent oriole to autos to airlines. the sector that was really lagging where the retailers. oil has been moving to the upside. there is a lot going on with that. and oil spike of two dollars. now, let's take a look at technology. we do see some of the tech stocks doing pretty well. hewlett-packard and intel have been among the real losers for the year 2012 on the dow. today, you continue to see this trend which is a little better. back to you. dagen: thank you. the senate returning to washington tomorrow. the president, as well. five days left to revert the fiscal cliff. now that plan b is that, will there be a plan c or f for failing? peter: president obama expecting to arrive in d.c. tomorrow. white house says they will let us know if there is any up
on wall street continued to talk about washington, that remains a serious issue here. everyone knows that has not been solved yet. the truth is, there is nothing on the table. with that being said, you can see the dow and the nasdaq are down three quarters of 1%. the s&p is the worst of the bunch. bank of america and jpmorgan weighing on the dow jones industrials. i wanted to check in on toyota motors. we are watching this closely. they are doing this $1.1 billion agreement. the owners of the 16 million cars, a lot of complaints, obviously. they do not have to admit guilt. the settlement does not cover injuries and wrongful death. it does cover all of the economic concerns and crisis all these people suffered. liz: thank you so much. we will be back with you in just a few. not only the weather, u.s. jobs are heading to canada also. with its high unemployment rate, watch out california. workers are the prime target. we are live in los angeles with this very interesting story. >> you are exactly right. canada is looking to double its oil production over the next 20 years. they do not h
what you thought about tonight's show. good night from washington, d.c.. gretawire.com. the o'reilly factor is on from washington. tonight. >> the fight against foreign control of our european people around the world can only succeed if we free ourselves first. in the zionist. >> god said that the white race is a race of devils i didn't say this. i just believe it because of their actions. >> bill: hate speech in america we are naming names because we have had enough of this. >> i believe the nra is the new kkk. >> you are still calling it a holiday tree? not a christmas tree? >> that's correct. pluck building and i'm respectful of all the taxpayers that might not be christian. >> "newsweek" magazine says the good guys have finally won the war on christmas. that's not exactly true. the yes tonight why have some christian leaders silent when their faith is attacked. >> is that a joint mask looks like a quarter pounder. >> bill: now that marijuana is legal in washington and colorado, do you feel safer on the road? what about people who drug and drive in those states? >> am i dri
and the rest of the gop to step up. joining me now, marie cox, washington correspondent for the guardian. and leah henderson, national reporter for the washington post. thank you both for being here this evening. >> it's great to be here. >> good to be here. >> leah, let me start with you. the republicans realize they're on the wrong side of public opinion here? or do they care? >> well, you know, i think you definitely see from democrats from the president using the power of the bully pulpit really underscoring the fact that he won the election. you had pelossi saying essentially that where republicans are ice lated from the public in terms of their stance from the tax hike. i think you see the president continue a campaign that he started in 2008, really, a campaign against extending these tax cuts. now he's able to go to not only the american people, but businesses in wall street. and in that way, i think he's giving cover to some republicans who have been so staunchly opposed to these tax hikes. i think one of the things that's real real really interesting is that is this report that
the fiscal cliff showdown in washington, d.c.. so called plan b was introduced this morning by house speaker john boehner. proposal calls for tax hike on household that's make more than $1 million including small businesses however it didn't take long for the white thousands announce it's opposition to the plan. watch this. >> i mean alternative here, if you think bit in the so called plan b is makes no sense, there is an opportunity here to do something that has been set as a gel for a long time in washington reach a bipartisan compromise on significant deficit reductions on the order of $4 trillion when taking pieces of it and put them together. we're very close to being able to achieve that. and the president demonstrated obvious willingness to compromise and to move more than halfway. >> also, we're learning house majority leader said that the house will have the votes necessary to pass the plan b. but let's be clear. what is obvious is that president rejected the offer because it doesn't raise enough taxes but the problem that i, and other conservatives have with plan b is that it punis
in washington. did the nra, wayne lapierre hurt himself in friday by what can only be described as this rant? >> well, look, emotions across the country are running so high, aren't they, on this? many people i think would believe this is the 9/11 moment of the gun control issue, after this terrible, terrible massacre in newtown. so, the question is exactly as you frame it, the political oomph, if you will, behind each side. after all of this, will the nra be -- have enough political muscle power on capitol hill to push back successfully against any new legislation that might be coming or will they have damaged themselves? what is the calculation? will those who favor reinstating the assault of the -- the ban on assault weapons or other new gun control legislation, including those high-powered magazines, those -- those magazines that can carry tense and tense and tens of rounds, will they have the political oomph this time to enact new legislation? >> barbara starr in washington, thank you very much. >>> earlier, i spoke with state of the union anchor candy crowley about -- we talked about th
was equipped with the tools of mass murder, made a speech in washington that did not include a single word of apology. there is no chance, no chance, that wayne lapierre will choose to say what is best for the country or our children. >> since when did the gun become a bad word? >> the only thing that stops a bad guy with a gun. >> is a good guy with the gun. >> it is the good guys against the bad guys and everyone should have a gun. >> the nra embarrassed itself. >> very haunting and disturbing. >> basically we are all targets. >> and our society is populated by an unknown number of genuine monsters. >> and we need to have a gun on us at all times. >> i call on congress today to put armed police officers in every school in the nation. >> what does that say about me? >> the media called me crazy. >> this guy is whacked. >> this was not a press conference. >> that was a commercial. >> more of a commercial. >> he didn't even take questions. >> the most bizarre press briefings i have ever witnessed. >> since when did the gun before a bad word? >> wayne lapierre blamed the media, video games.
on such anagreement as we speak. >> and as we speak, rich edson is live in washington with the very latest. >> well, it's up to the senate. staffers and a majority leader harry reid, minority leader mitch mcconnell are trying to negotiate a scaled-down debt deal to avoid some of the fiscal cliff and take other major decisions on taxes and spending to the future. again, in an afternoon white house meeting president obama pitch a debt plan he had outlined a week ago, prevent a tax increase for income of less than to an effective thousand dollars per year and extend long-term unemployment benefits. senate leaders are using that framework to try to craft a proposal to pass both houses of congress. aides say it would likely increase the threshold for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part ofhe discussion. that is significant development r house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts tak
>>> thon saturday night hitting home. ten days to washington dragging the country off the fiscal cliff and lawmakers have headed out of dodge. will it be too late when they get back from christmas break? what will it mean for your family? >>> guns in schools after the nra's defiant announcement. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> the question is, are armed guards the way to keep kids safe? at least one school district is already arming the teachers. >>> holiday rush. the mad dash at the mall just three days to go. plus planes, trains, and automobiles. millions of americans hit the road. where will there be a white christmas? in their honor. signs of the season from coast to coast paying tribute to some genuine american heroes. >>> good evening. those post christmas credit card bills may not be the only shock to the wallet come the new year. with just ten days left to act to avoid a plunge over the fiscal cliff, the president and congress have left washington for the holidays leaving the clock ticking down to an across-the-board tax incr
time in washington, which is reach a bipartisan compromise on significant deficit reduction on the order of $4 trillion, when you take all the pieces of it and put them together. we are very close to being able to achieve that and the president has demonstrated obvious willingness to compromise and to move more than halfway. >> we're also learning house majority leader eric cantor said the house will have the votes necessary to pass the plan b, but let's be clear. he weather what's really obvious is that the president rejected the offer simply because it doesn't raise enough taxes. but the problem that i and other true conservatives have with boehner's plan b is that it punishes the very people responsible for creating jobs in the country. the speaker's falling directly into the president's class warfare trap instead of fighting for the principles that handed his party to the majority. he was sent to washington like all republicans, to reduce the size of government and cut taxes. not the opposite. as a result, i think it's time we go back to the drawing board and draft up a
at apple as ceo. that money would come in handy in washington, wouldn't it? that is our top story. the senate convened today for emergency session to deal with the fiscal cliff. the house has announced plans to reconvene on sunday. both senate majority leader harry reid and senate minority leader mitch mcconnell spoke a short time ago and neither sounds hopeful of fiscal cliff deal will be made before the deadline. so at this point is there any chance the united states can avoid taking a fiscal cliff dive? joining me for more is republican senator john hoeven of north dakota. and very simply, sir, we appreciate you being here but is harry reid right? are we going off the cliff? >> well, adam i hope he is not right. at this point president obama indicated he is going to call and talk to our leader, mitch mcconnell, senator mcconnell and make a proposal. we're very interested to see what that proposal is. we put revenues on the table. there needs to be some savings. and i believe we can get a deal so let's go. adam: what will the do look like? the president at one point actually upp
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
live. melissa: we start tonight with breaking news. it has been a tumultuous day in washington. both sides apparently in a total deadlock in the fiscal cliff negotiations. president obama is expected to make a statement on where things stand at any moment here. and with a preview we have fox businesses peter barnes. he is at the white house. peter what do we expect to hear? >> well, melissa, right now the president is finishing up on meeting with senate democratic leader harry reid who came down here to try to talk with the president with some strategy moving forward to avert the fiscal cliff. we expect the president to say that he still wants to get a deal with republicans to do that. that is still going to be time. however, that they will have to do it after the christmass3 holiday. the president plans, is planning to go to hawaii for christmas with his family. speaker boehner has left town. gone back to ohio. for the holiday. the senate is expected to come back on, on december 27th, the thursday next week, which is the earliest that they would be expected to get back to work on th
is off today. we're going to start this morning in washington where all eyes on capitol hill as lawmakers try to work out on a deal to avoid the fiscal cliff. the deadline is less than 48 hours away and as to whether they can get it done, the president says he's hopeful. >> i'm modestly ll lly optimis an agreement can be achieved. let's make sure that middle class families and the world economy aren't adversely impacted because people can't do their jobs. >> both houses of congress are meeting in a rare sunday session. the house an hour later at 2:00. our chief white house correspondent jessica yellin now with the look at a chance for a deal and what's on the table. >> alison, here in washington, there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday, the president was at work here in the white house but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill would have to extend unemployment insurance that would affect s
, telling them to return to washington this sunday. but just because they're coming back doesn't mean they're looking to play nice. today, senator harry reid blasted the speaker for refusing to even vote on a democratic plan that would protect 98% of americans. >> everyone knows that if they had brought up the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. it's being operated with a dictatorship of the speaker. >> a dictatorship of the speaker. and here's house speaker boehner office responded. senator reid should talk less and legislate more. legislate more? what legislation has speaker boehner been working on while on vacation? while we're about to go over the cliff, the gop has been pointing fingers at the president. one gop aide says talks have failed because "the president made a strategic miscalculation and overreached. he picked a fight." picked a fight? sorry, that's not going to fly. the president has come to the table with numerous proposals. he isn't picking a fight. he's fighting for
to washington, d.c., meanwhile, house republicans are literally phoning it in, this is the ed show, and as ed would say, let's get to work. >> this is something within our capacity to solve. it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drum beat against the nra. >>> six days until the price of milk shoots up to $8 a gallon. why house republicans are take ing america to the dairy cliff. >>> and civil liberty groups take on torture in zero dark thirty. >>> if no deal is reached, the nation will go over the fiscal cliff in a little more than five days and house republicans are doing nothing mor
and washington debates how to prevent more mass murders. with nine days to go, is it still possible to make a deal to head off big tax increases and spending cuts? captioned by closed captioning services, inc. , republican john borasso and democrat kent conrad. >> as the nation mourns the victims of a newtown school shooting we turn to a man of faith for some answers. in these trying times he sees the need for a spiritual awakening. we will discuss the sandy hook massacre and the meaning of christmas. plus, a change at the state department as the benghazi report is finally released. we will ask our sunday panel about the nomination of john kerry to rehe place hillary clinton and where the investigation of the terror attack that killed four americans goes now. and our power player of the week continues his holiday tradition to show respect for veterans. all right now on "fox news sunday." hello again from fox news in washington. at christmas, people who are naughty get coal in their stockings and at the white house and congress -- if the white house and congress don't make a deal in the next
to washington. >> we need to make difficult decisions. often we have conversations about how to create enough revenue to solve the problem. i learned early in my 20s if you have a problem with spending there's not enough revenue to make up for it. we have a spending problem, ladies and gentlemen in america. knotted a revenue -- not a revenue problem. >> he expects to be sworn in on january 3rdrd. once scott give >> thank you. a quick programming note both senate tim scott and nikki haley will join greta van susteren on tonight's on the record at 10:00 p.m. eastern. why secretary of state clinton is not testifying about benghazi this week. it says politics makes strange bed fellows. case in point energy exports next. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fo
happening in washington, d.c. a lot happening i would assume at the white house. but how engaged is the presidented to in moving this thing forward? >> reporter: good afternoon, t.j. i am told there are conversations going on at the staff level. as you know, he met with congressional leaders here at the white house for about an hour on friday. now sources who are familiar with that conversation tell me that the president essentially said to lawmakers, you have two options. one, come up with a plan that can make its way through both chambers, or allow his proposal to go through a vote in both chambers. and that's what you heard the president referencing in that sound bite that you just aired, t.j. in the president's proposal it calls for extending the bush era tax cuts for those making $250,000 or less as well as extending unemployment insurance benefits. many republicans have an issue with that tax extension for the $250,000 mark because it allows rates to raise on those making more than $250,000. as you heard roy blunt just say, they think that would be bad for the economy. so t
together at the same time. a very busy couple of months in washington, and we are watching. thank you s much for being with us. >> thank you. tom: you bet. is a bad deal worse than no deal? my next guest says yes. you bet. both sides are bouncing this thing. citizens for self governance, president mark mcclure joined by occidental professor caroline helpmann. let's start with you. bad deal worse than no deal? >> it is, and we're talking about the fiscal cliff. we are really dealing with is the fiscal fraud. we fell f the cliff along time ago. we are in the best, $16 trillion in debt. a debt our children and grandchildren will never be able to pay off, a total fraud, not dealing with spending, and unle they do we are not going to fix the problems is a country is facing. tom: same point, i mean, is this something that will start tuesday or have businesses and individuals already started be having different because of the fact that this whole process was coming up in addition to what the congressman was talking about? >> certainly was tree has been reacting to this, but i very much disagre
, everybody. i am gerri willis. it is a war of words over the fiscal cliff in washington. the president blasting republicans today for their refusal to take his latest offer, calling it puzzling. republicans are doubling down on the plan b. he called the veto threat bizarre and irrational. $500 billion in tax hikes closer to every american. >> there has to be a recognition on the part of my republican friends that take the deal. but they keep on finding ways to say no. i don't know how much of that just has to do with this. it is very hard for them to say yes to me. gerri: what he stated that? >> it is incredibly sad and frustrating, that's what that is. the president, through the entire campaign, says he wants a balanced approach. we have increased spending from 2007 to 2012. $1 trillion. year over year. a trillion dollars. revenues at record highs. >> let's talk for a second about the republican response. gerri: white house is opposition for the backup plan. it is growing more bizarre and irrational by today. is this the kind of conversation that is going to get something done in wash
this morning in washington, and the focus is on capitol hill as lawmakers try to work out and vote on a deal to avoid the fiscal cliff. both houses of congress are meeting in a rather sunday session. the senate convenes aat 1:00 eastern and the house at 2:00. our chief white house correspondent jessica yellen with the look at the chances for a deal and what's on the table. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separat
have guards armed with guns of their own. nbc justice correspondent pete williams says s in washington for more on this. can you break down the nra's solution? >> the nra says the answer to combating school violence is simple. it says banks, power plarngts congress, and the president are protected with armed security and the nation's schools should be guarded that way, too. after a week of calls for tighter gun restrictions and signs of a possible shift in public attitudes, about access to the weapons like the rifle used in connecticut, the national rifle association instead called for putting more armed security officers in the nation's schools. the. >> the onlying that stops a bad guy with a gun is a good guy with a gun. >> reporter: the nra's wayne la pierre says children in most schools are defenseless because the schools proclaim to be places without guns. >> they tell every insane killer in america that schools are the safest place to inflict maximum mayhem with minimum risk. >> reporter: he took no questions from reporters but was interrupted by protesters. >> shame on the nra!
of representatives and the senate. the lower chamber leaving washington for a long weekend before the meeting. meanwhile, the white house confirmed today that susan rice won't be the next secretary of state. u.n. ambassador susan rice asking the president to remove her name from consideration to replace outgoing secretary of state content. democratic sources telling our ed henry that rice is likely to be the president's choice to become the next national security adviser. we take ll of that up here tonight with fox news digital politics editor from a veteran political strategist, former u.s. ambassador to the united nations. now the late breaking developments on the fiscal cliff talks and the impact of the withdrawal of susan rice from consideration to be the next secretary of state, fox news chief white house correspondent ed henry with our report. >> president obama was not fretting about the fiscal cliff as he strolled to a holiday party joking with fox news about the warm weather and expressing hope for a deal. >> how are you feeling about a deal, optimistic? >> the speaker not so hopefu
washington, i'm don lemon. carol is off today. we begin this hour with spiraling concerns over syria and a desperate regime trying to hold on to power. this morning, washington announces it's deploying two patriot missile batteries and 400 troops to our nato ally turkey. it will bolster defenses to syria against its scud missiles and possible chemical weapons. >> it's a challenging time. it's a challenging time. it's a critical time. we just announced, just announced this morning that we are deploying two patriot batteries here to turkey, along with the troops that are necessary to man those batteries so that we can help turkey have the kind of missile defense it may very well need in dealing with threats that come out of syria. >> to cnn's nick paton walsh in beirut following the latest developments. nick is on the phone, what can you tell us? >> we don't know the exact location where the american troops are going to be stationed but the german parliament ratified part of its contribution, there will be three nato nations giving troops toward this. the u.s. two batteries and 400 tro
rates in place for 99% of the country, the president further demanding that washington go his way or no way at all, president obama seems to be on his way to perhaps becoming the imperious president. >> i've asked the vice president to lead an effort that includes members of my cabinet and outside organization to come up with ccrete proposals no later than january that i will push without delay. this is not some washington commission, that is not something where folks will be studying the issue for 6 months and publishing a respect -- report that gets read then pushed aside. lou: you will notice that president did not call for concrete proposals on mental health care opublic school security, or any of the other issues at issue in the connecticut shooting last week. at that same pros conference where he demanded gun control proposal, president blasting speake of the house john boehner or only wants to raise taxes on millionaires. >> if you look at what the speaker has proposed, he has conceded that income tax rates should go up, right now he only wants them to go up for millionaire
that more failures of leaders and failures to reach compromise in washington will have on pleasant and possibly exceedingly painful consequences wall street today sold off sharply despite more positive news on an economy that is now obviously growing and building momentum. the dow jones industrial fell 121 points. the s&p down 39 and a half, nasdaq lost 29 points. to assess what is now a bright new economic prospects and the consequence of further gathering in irrespoibility in washington, we are joined by economist john lonski, noted fund manager and strategist harvey eisen, and in other news from washington tonight president obama nominating senar jo kerry to be the next secretary of state with their views on kerry, benghazi, obama's foreign policy. we will be talking with fox his national security analyst k. t. mcfarland, former ambassador john bolton, and today the national rifle association exactly one week after the sandy hook school massacre has come up with a proposal for securing every schl in this country, and it is such an obvious solution, so simple it immediately raise
report" is coming up next. >> harris: this is the fox report. tonight, drama from washington to wall street. no deal on the fiscal cliff on this final friday before christmas. negative reaction from investors as the president speaking moments ago tries to calm the fray. plus, president obama making it official. >> i'm very proud to announce my choice for america's next secretary of state, john kerry. >> the president calling on the veteran massachusetts senator to fill secretary clinton's spot. plus in the wake of the new town shooting the national rifle association breaks its silence. >> out of respect for the families and until the facts are known, the nra has refrained from comment. >> harris: and the group's ceo placing some blame. >> we have flood soaked films out there. vicious, violent video games. >> and the nra offering a proposal, an armed officer in every single school in america. also, mexican police locked up this former u.s. marine months ago, accused him of trying to bring a gun into the country. >> a lesser person would have pleaded guilty. >> they chained him to a be
>>> welcome to cnn "newsroom." the senate is in session. the president is due back in washington minutes from now. there's no other movement to speak of towards scaling back or avoiding those billions of tax hikes and spending cuts due to start just five days from now. dana bash is in washington. great to see you. within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said. >> the speaker just has a few d days left to change his mind, but i have to be very honest, mr. president. i don't know time wise how it can happen now. >> let me kind of lay out the state of play. i'll try to keep it out as much as possible. this is something everybody is focused on. the b
of miles away from each other, each left washington for the holiday. we will have live report from hawaii and the latest on the fiscal cliff talks in just a few minutes as well. it's official, bp oil company will have to pay up to $7.8 billion, that is the class action settlement amount they agreed to pay to 100,000 businesses and individual has h by the biggest oil spill in history. the settlement was finalized yesterday, a lot of them are opting out and pursuing lawsuits of their own. >>> more affects of a brand new government's growing pans. this man announced that political life does not agree with him and he will go back to being a judge. it's the same day that the people are voting for a change to the new islamist backed constitution. protests broke out last month when the president gave himself near absolute power. >>> a eczema reason is freed today and heading home. he was locked up on weapons charges. he was threatened and chained to a bed and never saw a judge. the u.s. diplomats got involved and convinced mexican authorities to release him. [ bells tolling ] three little girls,
control groups says "the washington post." the firearms industry is like the harvard business school case of success, but after sandy hook, key investors like large retirement funds are now pulling their money out. they're questioning if it's all about profit. the nra's suggestion has been met with an avalanche of gun controlaed vok ats and i'll talk to the executive director of gun owners of america who says the nra has it exactly right and how to plan your trip around weather delays and snowstorms across the country. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. everything about the oral-b power brush is simply revolutionary. our unique brush head cleans in three directions with up to 50% more brush movements than leading sonic technology. oral-b power brushes. go to oralb.com for the latest offers. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? u
business senior washington correspondent with the very latest details. how close will this be? >> the vote on that tax bill, the one that would raise taxes on people making more than million dollars a year, they are still working on getting the republican leader, the speaker still working on getting enough votes to get that to pass later tonight. we expect that around 8:00. as one price for votes, right now than house republicans have also got a bill on the floor which would impose new spending cuts. what it would be technically is it would replace the sequester, get rid of those big cuts in defense spending. replace that with about $300 billion in new spending cuts over ten years. some republicans want to be able to say they voted for spending cuts before they even consider voting for a tax increase. they're debating the right now on the floor, the spending cut bill. take a listen. >> we don't just have a fiscal clef. we have of fiscal abyss in front of us, and that is at debt crisis that is on our horizon. failure to address this debt crisis means not just 47 percent of americans, but ev
: washington is bracing itself for the full implementtation of dodd-frank. but will dodd-frank prevent another financial meltdown, let's ask bart chilton. i know you are testifying tomorrow to report on how it is going with the implementation of dodd-frank how is it going? >> slow but sure, we have not made as much progress as law required. about 400 rules in the government we've done within 35, we'r135, we'reslow but floodingd the right balance, and get things right, and don't cause a market migration to to other country, and don't create a devastating havoc on financial firms or markets. tracy: we've seen before with sarbanes-oxley, it became arduous. that can't happen again. >> the systemic risk, the risk to all of us, some people call it, too big to fail. that is the problem in 2008, we lost 9 million jobs, and people lost their homes, that is what we're trying to resolve. tracy: with 400 new rules, do you really think you will prevent another -- if we have -- another financial crisis, there are people out there that are starter than all of us, figuring outweighs to trade around every rule
's some hope coming from washington. senate leaders are negotiating a deal they hope can go to a vote, go to a vote soon. cnn radio capitol hill correspondent lisa desjardins is in washington. you were on thrill yesterday for the political action between president obama, between congressional leaders. they sound more optimistic, at least president obama does. do you think we're any closer to a deal at this point? >> i think there's no doubt that we are closer to a deal, but how much closer we'll know probably in the next 24 hours. it's interesting because in the last 20 hours, the silence that had pervaded capitol hill was completely changed after the president and the four congressional leaders he met with all announced that they're shifting negotiation tactics now to a group of two. two senators, mitch mcconnell and harry reid, the two party leaders in the senate, are going to be trying to find a way to get a deal today. we know their staff is talking. we don't expect actually any necessary meetings between those two leaders right away today. we think that their chiefs of staff are goin
and house speaker boehner left washington without reaching a deal on the fiscal cliff. before heading to hawaii, president obama said he met individually with leaders of the house and senate, asking them to work toward a package that prevents a tax hike on middle class americans. >> this is something within our capacity to solve. it doesn't take that much work. we just have to do the right thing. so call me a hopeless optimist, but i still think we can get it done. >> earlier in the day, speaker boehner held a news conference. a vote on his so-called plan "b" was scrapped thursday night when it became clear it did not have enough support among house republicans to secure passage. >> a situation where because of the political divide in the country, because of the divide here in washington, trying to bridge these differences has been difficult. if it were easy, i'll guarantee you this would have been done decades before. >> joining me now, congressional reporter for "the washington post," ed o'keefe. good to see you. >> good to see you too. any kind of realistic timetable that this will
to understand the fiction in washington. it is a trillion dollars more taxes paid. there was a trillion dollars less of an increase of what we had previously expected to have. tax cut is fiction and washington. he cannot agree to a deal that is not acceptable to a majority of his majority. [talking over each other] melissa: part of it comes from raising taxes on those over $1 million. the other part comes from closing loopholes down the road. it all makes me think that we are not that close to a deal yet. >> all too often what you have is something with a lot of loose ends that never get tied up. i think john boehner, and bless his heart, he has the toughest job in town, he lives in a horizontal world as opposed to the vertical world that the president lives in. the president says i want something, well, everyone says, yes, sir. [talking over each other] melissa: where do you think the middle is right now? how much do you feel like john boehner really gave and what do you think the president would accept? where do you think the middle point is? >> it is a very difficult topic. truth on taxes, f
bash is live in washington, d.c. this morning. 50 minutes and sort of a very milquetoasty kind of statement at the end of it, sounds not good. >> no, not good, considering where we are in the calendacale. i'm told by sources in both parties, a meeting that did not produce any new ideas, more of touching base meeting, the president wanted to talk to the speaker before he went home to ohio, which he still planned to do this weekend, the sources say that the basic problem still is, soledad, after all of the weeks, is democrats still believe republicans have the problem. they need to deal with the debt crisis by raising more revenue, meaning raising more taxes and republicans still think democrats are the problem. they are not offering enough in spending cuts. the issue is, reality, democrats, the president has the most leverage. has had the most leverage, republicans know that. everybody see where is this will probably go. republicans have to give some on the rate increases for the most wealthy. and the question, when is it most politically advantageous for both sides to agree to
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